A German worker takes 400 hours to produce a car and 2 hours to produce a case
Question:
a. For what values of X will gains from trade be possible? Explain.
b. For what values of X will Germany export cars and import wine? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
a Gains from trade will be possible when X does not equal 3 Gains from trade are possible when a com...View the full answer
Answered By
Payal Mittal
I specialize in finance and accounts.You can ask any question related to til undergradution.Organizational behaviour and HRM are my favourites for you can always relate to them and is an art with practical knowledge base.
4.90+
226+ Reviews
778+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
A certain manufacturing process consists of a lean manufacturing cell for each customer. The following information relates to only one customer's lean cell for the month of May: labor and overhead,...
-
The following table shows data from the Organization for Economic Co-operation and Development (OECD) on the average number of hours employed people worked per week and on real GDP per capita for...
-
The following data for 2015 are from the Organization for Economic Co-operation and Development (OECD). The average German worker worked about 400 fewer hours per year and earned nearly $14,000 less...
-
A molecule with the molecular formula C11H12N2O2 (relative molecular mass = 204.23) crystallized to form monoclinic crystals with a=18.899 , b=5.7445 , and c=9.309 , with =101.776. The crystal...
-
How do an ordinary annuity, an annuity due, and a perpetuity differ?
-
Selected transactions completed by Kornett Company during its first fiscal year ended December 31, 20Y8, were as follows: Jan. 3. Issued a check to establish a petty cash fund of $4,500. Feb. 26....
-
With reference to Exercise 11.16, find a \(90 \%\) confidence interval for \(\alpha\). Data From Exercise 11.16 11.16 Recycling concrete aggregate is an important compo- nent of green engineering....
-
A 25,000-kg subway train initially traveling at 15.5 m/s slows to a stop in a station and then stays there long enough for its brakes to cool. The station's dimensions are 65.0 m long by 20.0 m wide...
-
Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2023: Note: Loss amounts should be indicated by a minus sign. Stock Stock A Date Purchased 1/23/1999 Basis...
-
Walker Meeks is currently a party to two contracts. On the first contract, he has agreed to paint a portrait of a gentleman riding a horse. This portrait is for the wall of the gentleman's study. The...
-
Multiple Choice Questions 1. In an hour, David can wash 2 cars or mow 1 lawn, and Ron can wash 3 cars or mow 1 lawn. Who has the absolute advantage in car washing, and who has the absolute advantage...
-
Does a change in consumers' tastes lead to a movement along the demand curve or a shift in the demand curve? Does a change in price lead to a movement along the demand curve or a shift in the demand...
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). If a and b have the same remainder when divided by m, we say that a is _________ to b modulo m.
-
The general solution of the logistic equation P=P-P is P(t)= Suppose the initial population size is P(0)=5, find P(1). (Write down a numerical answer and keep two decimal places in your answer.)
-
Watch the video within the blog link. 1. What did you learn from all the information in the video? In the chapter below you have types of proposals. give a proposal - which type will you write...
-
Suppose that neither Boeing, nor Airbus receive any subsidy to invest. What is Boeing's equilibrium payoff in this game?
-
The functions f and gare such that f(x) = x +3 and g(x) = 12 Find fg(x) Give your answer as a single algebraic fraction expressed as simply as possible. (3 marks) fg(x)=0
-
A contractor knows that he must replace a mobile crane in ten years at an estimated cost of $600,000. How much should he deposit today and at the beginning of each of the next seven years (eight...
-
Use a calculator to evaluate correct to 3 sf. a. ln 4 b. ln 2.1 c. ln 0.7 d. ln 0.39
-
All of the following assets can be depreciated, except: (a) A bulldozer (b) A copper mine (c) A surgical robot (d) A conveyor belt
-
Draw some indifference curves for pizza and Pepsi. Explain the four properties of these indifference curves.
-
Draw a budget constraint and indifference curves for pizza and Pepsi. Show what happens to the budget constraint and the consumers optimum when the price of pizza rises. In your diagram, decompose...
-
Explain how an increase in the wage can potentially decrease the amount that a person wants to work.
-
Using the following information: a. The bank statement balance is $3,048. b. The cash account balance is $3,300. c. Outstanding checks amount to $755. d. Deposits in transit are $809. e. The bank...
-
Determine the average tax rate and the marginal tax rate for each of the following instances: Use the Tax Tables for taxpayers with taxable income under $ 1 0 0 , 0 0 0 and the Tax Rate Schedules for...
-
A machine was bought on 1 st January 2 0 1 7 for $ 1 2 , 0 0 0 . The policy is to depreciate the machine at 1 0 % on reducing balance method at the end of each year, ending on 3 1 st December....
Study smarter with the SolutionInn App